LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$757M |
| 2 |
State Street Blackstone Senior Loan ETF
SRLN
|
+$687M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$513M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$300M |
| 5 |
iShares Core Universal USD Bond ETF
IUSB
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$521M |
| 2 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$436M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$391M |
| 4 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$373M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.35% |
| 2 | Financials | 3.13% |
| 3 | Consumer Discretionary | 2.91% |
| 4 | Healthcare | 2.88% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.57B
| $75.4M | 0.06% |
854,172
-21,602
| -2% | -$1.88M |
|
277
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.77B
| $74.4M | 0.06% |
1,057,362
+153,429
| +17% | +$10.6M |
|
278
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.61B
| $74.4M | 0.06% |
1,626,114
-256,675
| -14% | -$11.9M |
|
279
Invesco FTSE RAFI US 1000 ETF
PRF
$9.78B
| $73.6M | 0.06% |
2,154,160
+239,415
| +13% | +$8.1M |
|
280
Altria Group
MO
$113B
| $73.5M | 0.06% |
1,406,778
+42,286
| +3% | +$2.15M |
|
281
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
| $73.5M | 0.06% |
1,420,594
-2,114,175
| -60% | -$111M |
|
282
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| $71.8M | 0.06% |
700,842
-72,953
| -9% | -$7.6M |
|
283
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
$5.08B
| $71.6M | 0.06% |
853,613
-107,004
| -11% | -$9.03M |
|
284
Pacer Trendpilot US Large Cap ETF
PTLC
$3.24B
| $70.5M | 0.06% |
1,815,391
-118,395
| -6% | -$4.61M |
|
285
Vanguard Russell 1000 Value ETF
VONV
$20.6B
| $70.3M | 0.06% |
966,102
+60,626
| +7% | +$4.37M |
|
286
Kimberly-Clark
KMB
$36.6B
| $69.9M | 0.06% |
567,567
-4,341
| -0.8% | -$573K |
|
287
iShares Semiconductor ETF
SOXX
$41.7B
| $69.7M | 0.06% |
441,906
-71,454
| -14% | -$11.4M |
|
288
Oracle
ORCL
$367B
| $68.8M | 0.06% |
831,360
+51,627
| +7% | +$4.18M |
|
289
Vanguard Financials ETF
VFH
$13.5B
| $68.8M | 0.06% |
736,307
+102,033
| +16% | +$9.77M |
|
290
Blackrock
BLK
$170B
| $68.8M | 0.06% |
89,981
+5,244
| +6% | +$4.1M |
|
291
iShares Short-Term National Muni Bond ETF
SUB
$11.4B
| $68.7M | 0.06% |
656,369
+12,313
| +2% | +$1.3M |
|
292
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
| $68.3M | 0.06% |
2,247,118
-302,303
| -12% | -$9.4M |
|
293
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.39B
| $67.9M | 0.06% |
963,535
+104,766
| +12% | +$7.32M |
|
|
XYZ
294
Block Inc
XYZ
$49.2B
| $67.9M | 0.06% |
500,947
+47,303
| +10% | +$5.73M |
|
295
Danaher
DHR
$138B
| $67.7M | 0.06% |
260,363
+4,757
| +2% | +$1.19M |
|
296
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.33B
| $67.6M | 0.06% |
644,603
+59,025
| +10% | +$6.09M |
|
297
iShares US Aerospace & Defense ETF
ITA
$14.1B
| $67.4M | 0.06% |
608,387
+101,488
| +20% | +$10.8M |
|
298
American Express
AXP
$228B
| $67.1M | 0.06% |
358,628
+52,808
| +17% | +$9.54M |
|
299
iShares Biotechnology ETF
IBB
$9.52B
| $66.6M | 0.06% |
511,105
-29,567
| -5% | -$3.85M |
|
300
Janus Henderson Short Duration Income ETF
VNLA
$3.34B
| $66M | 0.06% |
1,345,552
-223,425
| -14% | -$11M |
|
Similar funds
LPL Financial's Q1 2022 Portfolio in Review
As of Q1 2022, LPL Financial held 4,507 positions worth $116B, down 2.3% from $119B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
LPL Financial's Q1 2022 filing shows 176 new, 2,291 increased, 1,601 reduced and 331 closed positions. Its largest new stake was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M. The largest sale was iShares Core MSCI Emerging Markets ETF, an estimated $521M.
By sector, the portfolio is most concentrated in Technology at 6.3% of assets, down from 6.8% a quarter earlier, followed by Financials and Consumer Discretionary.
- LPL Financial's largest Q1 2022 buy was Janus Henderson AAA CLO ETF: 212,587 shares worth $10.7M.
- LPL Financial added most to Vanguard Morningstar Total Stock Market ETF in Q1 2022, an estimated $757M increase.
- LPL Financial's biggest Q1 2022 reduction was iShares Core MSCI Emerging Markets ETF, cutting an estimated $521M.
- LPL Financial fully exited Dimensional US Core Equity 2 ETF in Q1 2022, selling an estimated $391M.
- LPL Financial's ten largest holdings make up 19% of its $116B portfolio in Q1 2022.
- LPL Financial opened 176 new positions and closed 331 in Q1 2022.
- LPL Financial's portfolio value fell 2.3% quarter-over-quarter to $116B.
Based on LPL Financial's 13F filing for Q1 2022, filed 16 May 2022.